AGENT LICENSE ID
500951
BROKERAGE LICENSE ID
MB601486
Kulwinder Dheria
President & Senior Mortgage Specialist
Office:
Phone:
Email:
Address:
30812 Cardinal Ave, Abbotsford, British Columbia, V2T 5P5
- Here at Top Diamond Mortgages, we stand as a leading mortgage brokerage firm in Canada, exhibiting access to an extensive network of prominent financial institutions, including major banks, credit unions, and many more trust-worthy and reputed lenders. Our commitment to excellence is based on our profound industry expertise specializing in crafting tailored mortgage financing solutions designed to secure the best and most favourable rates for our clients.
- Central to our operation is an unwavering dedication to honesty and integrity, principles which drive our commitment to exceptional services for our valued customers. Focused on client-centricity, we ensure that our clients’ financial well-being and security is our top priority. Our mission is to connect Canadian residents with the finest mortgage lenders across the nation, empowering them to achieve their homeownership dreams securely.
- Top Diamond Mortgages is renowned in the mortgage industry for expert guidance, professionalism, exceptional service standards, and trustworthiness. Our team of specialized mortgage brokers invest tireless efforts to match you with the ideal lender to meet your unique requirements, effectively compelling banks across the country to compete for the privilege of financing your mortgage.
- Whether you are in the early stages of purchasing or building a home, establishing a business, investing in a commercial property, or refinancing an already existing mortgage, we have the perfect solution tailored to your needs. At Top Diamond Mortgages, we are your trusted partner on your path to financial security and homeownership.
Top Diamond Mortgages – Beside you all the way...
BLOG / NEWS Updates
Statistics Canada: Quarterly rent statistics, first quarter 2019 to first quarter 2025
In the first quarter of 2025, Vancouver was the census metropolitan area (CMA) with the highest average asking rent for a two-bedroom apartment, at $3,170, followed by Toronto ($2,690), Victoria ($2,680) and Ottawa ($2,490). By comparison, Montral ranked 17th, with an average asking rent of $1,930. Smaller CMAs in Quebec recorded the lowest average asking rents, including Drummondville ($1,200) and Sherbrooke ($1,250).
Because prospective renters typically face higher rents compared with long-term tenantswhose rents reflect past leases and can also be subject to rent control regulationsasking rents offer a picture of current market trends.
Asking rents in Montral increased nearly 71% from 2019 to the first quarter of 2025
The CMAs of Drummondville and Sherbrooke, which had the lowest average asking rents in the first quarter of 2025 were those that saw the largest increase in average asking rents for two-bedroom apartments from the first quarter of 2019 to the first quarter of 2025. During this period, the average asking rent increased from $600 to $1,200 in Drummondville and from $660 to $1,250 in Sherbrooke.
Montral also experienced a marked increase in average asking rent from 2019 to the first quarter of 2025. Starting at $1,130 in 2019, asking rent in this CMA grew by 70.8% to reach $1,930 in the first quarter of 2025.
By contrast, the CMAs with the highest average asking rents experienced slower relative growth from 2019 to the first quarter of 2025. The Toronto CMA saw overall 5.1% growth in the asking rent of two-bedroom units, increasing from $2,560 in the first quarter of 2019 to $2,690 in the first quarter of 2025. Average asking rents in Toronto declined during the first year of the COVID-19 pandemic, followed by an increase to reach a peak of $2,920 in the second half of 2023. In the first quarter of 2025, average asking rents subsequently decreased by 5.6% year over year in Toronto.
Vancouver followed a similar pattern as Toronto, although it experienced comparatively stronger growth. Average asking rent for two-bedroom apartments increased by 27.3% from the first quarter of 2019 to the first quarter of 2025 (from $2,490 to $3,170). In this CMA, average asking rents started increasing in early 2021 to reach a peak of $3,580 in the third quarter of 2023, then decreased by 7.8% from the first quarter of 2024 to the first quarter of 2025.
https://www150.statcan.gc.ca/n1/daily-quotidien/250625/dq250625b-eng.htm
Provincial Housing Outlook: Firmer Back Half of 2025 in the Cards for Canadian Housing
By TD Economics
Highlights
Weve modestly upgraded our home sales growth forecasts for the second half of the year across Canada. This represents the assumption that pent-up demand that was sidelined in a weaker-than-expected first half returns to the market. The data is cooperating with this narrative, with Canadian home sales up 4% m/m in May after inching higher in April. However, uncertainty remains elevated, and job markets are deteriorating. As such, even if sales levels improve, they are likely to remain subdued, particularly in B.C. and Ontario.
Weve nudged up our average home price growth forecasts in markets outside of B.C. and Ontario for the back half of the year, as sales gains interact with supply/demand balances that favour sellers in these regions. Were retaining our view that quarterly price growth will be the firmest in the Prairies in the second half of 2025.
In contrast, 2025H2 home price growth is seen as declining, on average, in B.C. and Ontario. Supply/demand balance indicators suggest that there is too little demand chasing too much supply in these markets, leaving buyers with some power in negotiations. We could see a compositional boost to prices (i.e. sturdier sales gains for more expensive properties that upwardly pressure average prices), particularly in Ontario, however. This reflects the assumption of some underperformance in the less-expensive GTA condo market due to weak investor demand.
Were expecting stronger growth in Canadian home sales and average home prices in 2026, backed by an improving economy, reduced uncertainty, and a modest downdraft in yields from their current levels. However, the scale of bounce-back in Canadian average home prices will likely be restrained by poor affordability in key markets like B.C. and Ontario. Whats more, population growth should remain weak next year, restraining rent gains and preventing any notable recovery in investor demand.
We expect the federal governments housing plan to boost supply. However, given that the federal budget will only land this fall, along with lags inherent in the homebuilding process, we wouldnt expect a material boost to housing completions until perhaps late next year (at the earliest). Absent a steep recession, any significant improvement in housing affordability would take time and require a sustained ramp up housing construction.
https://economics.td.com/ca-provincial-housing-outlook
Residential Mortgage Industry Report Spring 2025 Edition
Highlights
Mortgage lenders entered 2025 in a healthy position, but economic uncertainty is increasing risk to the residential mortgage market. At the household level, unemployment is the most common cause of late mortgage payments.
Variable rate mortgages became the most popular mortgage type in early 2025, reaching 42% of new mortgages in February, as the premium for variable-rate mortgages largely disappeared. Terms between 3 and less than 5 years were also still popular with new borrowers (32%). This speeds up the impact of future interest rate changes on borrower payments.
New borrowers have taken advantage of lower interest rates to reduce their monthly payments. They havent shortened their amortization periods to the levels prior to the increase in interest rates.
Mortgage lending by the largest alternative lenders outpaced the growth of national mortgage credit in 2024. These lenders risk profile has increased moderately due to higher delinquency rates, leading them to increase their loan loss allowance.
https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/housing-finance/residential-mortgage-industry-report
